Firstrade Securities Sets Higher Industry Standard with $6.95 Flat Rate Commission.FLUSHING Flushing, part of Queens, New York City, United States Flushing, former village, now in N Queens borough of New York City, SE N.Y.; chartered 1645, inc. into Greater New York City with Queens in 1898. , N.Y. -- Firstrade Securities Firstrade Securities or 第一理財 is a privately-owned discount retail brokerage firm headquartered in Flushing, New York. It was founded in 1985 by John C. Liu. announced today a groundbreaking $6.95 flat rate commission structure effective February 14th. The new lowered price solidifies Firstrade's position as a value leader in the industry, offering a wide range of products to benefit investors worldwide. "Firstrade's dedicated online business model has allowed us to lower our costs consistently over the years. With our new and highly efficient website, we're able to pass along savings directly to our customers. This new price structure truly sets us apart from the competition," said John Liu
John Chun Liu (b. 1967 in Taiwan, Traditional Chinese: 劉醇逸 , President of Firstrade Securities. Under Firstrade's new price structure, investors can place both market and limit online equity orders for a flat rate of $6.95, regardless of the number of shares. Online option orders will also be reduced to a flat rate of $6.95, plus $1.25 per contract. In addition, Firstrade offers no-fee IRAs, commission-free mutual funds, and no inactivity inactivity Sedentary activity Internal medicine An absence of physical activity and/or exercise, a predictor of obesity. See Couch potato. Physical activity, Vigorous exercise or maintenance fees, a great combination for longer-term investors. Firstrade's value-driven products and services truly offer a comprehensive solution designed to meet investor's needs. About Firstrade Established in 1985, Firstrade began as a discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. serving the local community. Truly a pioneer in online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. , Firstrade.com was launched in 1997 joining only a handful of other brokerage firms on the web. Firstrade today continues to thrive on its fundamental value of Low Costs, Higher Standards, delivering a comprehensive product offering designed for the value-driven investor. In 2004, it was awarded Smart Money's highest rating of 5 stars for Commission and Fees. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion